"No, They do not qualify for this credit .To be eligible for the Home Buyers’ Tax Credit, you must meet both of these criteria:
- You or your spouse or common-law partner purchased a qualifying home.
- You are a first-time home buyer, which means that you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years.
As an example of the latter, if you acquired a home this year, you must not have owned a home in the previous 4 years.
Who Can Benefit From the Home Buyers’ Amount?
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